The cryptocurrency market has faced a significant downtrend since late 2024, affecting major altcoins and memecoins. Let's take a closer look at Bonk and Brett.
Current Cryptocurrency Market Situation
The cryptocurrency market shows a significant downturn, heavily affecting major altcoins and memecoins. Ethereum (ETH) has dropped by more than 50% over the past 90 days. Similarly, Bonk (BONK) and Brett (BRETT) have suffered losses of 72% and 82% respectively, hovering at key support levels.
Bonk (BONK) Analysis
BONK’s weekly chart shows a sustained downtrend since peaking in November. Currently trading at $0.00001067, it holds above a historical support level. The MACD indicates a possible trend reversal, suggesting a short-term recovery could be on the horizon.
Brett (BRETT) Analysis
BRETT has followed a similar path since reaching its peak in November. The token is now trading at $0.031, maintaining above a strong support area – a possible signal for trend reversal if these levels are sustained.
Despite the bearish trend in cryptocurrencies, key support levels for Bonk and Brett could potentially serve as a base for market reversal and future growth.
